1168760 Ontario Inc. c/o R&R Realty et al. v 67006037 Canada Inc. and Denis Bertrand, 2017 ONSC 5149

1168760 Ontario Inc. c/o R&R Realty et al. v 67006037 Canada Inc. and Denis Bertrand, 2017 ONSC 5149

Eric Williams and Jeremy Rubenstein successfully represented the Plaintiffs at trial in this matter. The Plaintiffs were the beneficiaries of a parcel of land that was being held in trust for them by one of the Defendants (who was also a beneficiary). The parcel of land was purchased and held for the purposes of being turned into a residential development in the future. However, the trustee Defendant sold the property to his son’s friend under suspicious circumstances and without the knowledge or consent of the Plaintiffs. Eric and Jeremy successfully argued that the Defendant trustee was in violation of his obligations as trustee, that he was a “fraudulent person” under the Land Titles Act, and that the Defendant purchaser was not a bona fide purchaser for value without notice. Of note, the Court accepted the Plaintiff’s interpretation of “fictitious person” under the Land Titles Act in finding that the vendor was a fraudulent person, which was the first time this term had been judicially considered in this context. Ultimately, the Court undid the fraudulent transaction, declared the Plaintiffs’ interests in the property, and ordered the rectification of the title of the property.